Govt may scrap monthly hike in LPG prices: Reports

Good news for citizens! In what can be termed as a sign of relief, the government is planning to scrap the monthly increase in LPG prices, agency reports said citing sources. After hiking cooking gas LPG price by Rs 76.5 in 19 installments in 17 months, national oil companies skipped the monthly revision in rates since October 1. State-owned Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) have been since July last year raising the price of LPG on 1st of every month with a view to eliminating government subsidies on the fuel by 2018.